KT (NYSE:KT) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of KT (NYSE:KT) from a strong-buy rating to a buy rating in a research note released on Saturday.

A number of other equities research analysts also recently issued reports on KT. Weiss Ratings raised shares of KT from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, March 17th. Zacks Research raised shares of KT from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

KT Price Performance

Shares of NYSE:KT opened at $21.27 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. The stock has a market cap of $10.25 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 0.19 and a beta of 0.62. The stock’s fifty day simple moving average is $21.84 and its two-hundred day simple moving average is $19.93. KT has a 1-year low of $16.25 and a 1-year high of $24.58.

KT (NYSE:KT) last posted its earnings results on Tuesday, February 10th. The technology company reported $0.63 earnings per share (EPS) for the quarter. KT had a net margin of 3.41% and a return on equity of 5.20%. The firm had revenue of $4.74 billion during the quarter. As a group, analysts forecast that KT will post 0.73 EPS for the current fiscal year.

Institutional Trading of KT

A number of large investors have recently added to or reduced their stakes in KT. Lazard Asset Management LLC raised its position in KT by 1.2% in the second quarter. Lazard Asset Management LLC now owns 3,250,513 shares of the technology company’s stock worth $67,545,000 after acquiring an additional 37,744 shares during the period. Millennium Management LLC grew its position in shares of KT by 4,148.2% during the 1st quarter. Millennium Management LLC now owns 530,817 shares of the technology company’s stock valued at $9,401,000 after acquiring an additional 518,322 shares during the period. Natixis Advisors LLC increased its stake in shares of KT by 39.8% during the 3rd quarter. Natixis Advisors LLC now owns 280,713 shares of the technology company’s stock worth $5,474,000 after purchasing an additional 79,891 shares during the last quarter. Jane Street Group LLC increased its stake in shares of KT by 107.9% during the 1st quarter. Jane Street Group LLC now owns 242,212 shares of the technology company’s stock worth $4,290,000 after purchasing an additional 125,702 shares during the last quarter. Finally, DGS Capital Management LLC raised its holdings in shares of KT by 1.4% in the 4th quarter. DGS Capital Management LLC now owns 175,178 shares of the technology company’s stock worth $3,323,000 after purchasing an additional 2,400 shares during the period. Hedge funds and other institutional investors own 18.86% of the company’s stock.

About KT

KT Corporation, listed on the New York Stock Exchange as an American depositary receipt under the symbol KT, is a major telecommunications and information technology provider headquartered in Seongnam, South Korea. The company’s services span traditional fixed-line voice communication, high-speed broadband internet access and mobile cellular networks. Leveraging an extensive fiber-optic and wireless infrastructure, KT delivers voice, data and multimedia solutions to both consumer and enterprise customers.

KT has been at the forefront of technological innovation in its home market, launching South Korea’s first commercial 5G network and expanding its offerings to include Internet of Things (IoT) platforms, cloud computing services and cybersecurity solutions.